In November, the company reported its third-quarter earnings, showing a loss of about 100,000 subscribers from the previous quarter and an operating loss of $22.9 million.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Nilay Patel / The Verge:Q&A: Vimeo CEO Anjali Sud on how the company is helping large and small companies use video, its growing OTT business of making TV apps for creators, and moreToday on Decoder I’m talking to Anjali Sud, the CEO of Vimeo. Meanwhile, Salesforce Inc has announced that it will lay off about 10% of its employees and close some offices as a part of a restructuring plan. Vimeo CEO Anjali Sud wrote on LinkedIn that the company has cut 6 of its staff in order to give itself financial flexibility and asked recruiters to consider these former Vimeans for. Her post read, 'I broke the cardinal rule and let my team film me recording a video. Vimeo CEO Anjali Sud joins ‘Squawk on the Street’ to discuss Vimeo’s spin-off from IAC, the fall of the company’s shares after its Nasdaq debut and the future of the company. In her post, the 39-year-old informed that the first-of-its-kind AI tool will launch next month, starting July 17. Plus: how Vimeo CEO Anjali Sud is encouraging everyone at the company to disagree with their boss. On Wednesday, e-commerce giant Amazon announced that it would lay off around 18,000 employees globally, starting January 18.Īmazon CEO Andy Jassy, in an email to staff, cited the “uncertain economy” and “rapid hiring” as reasons for the job cuts. Vimeo CEO Anjali Sud took to LinkedIn to share the capabilities of the new AI feature with her more than 2.77 million followers. Now, you probably think of Vimeo as a smaller competitor to YouTube Click here to read full news. Several other tech companies have announced layoffs over the last few months. Nilay Patel / The Verge:Q&A: Vimeo CEO Anjali Sud on how the company is helping large and small companies use video, its growing OTT business of making TV apps for creators, and moreToday on Decoder I’m talking to Anjali Sud, the CEO of Vimeo. Launched in 2004, Vimeo claims to have over 260 million users, including big corporations, small businesses, organisations and content creators. Since taking the helm at 33, she changed the face of the video platform and what a CEO ca. This reduction enables us to achieve our growth and profitability goals in a way that is far less dependent on the broader market, putting us in full control of our destiny,” she said. Anjali Sud bet her career on disrupting Vimeo’s business strategy. “We are entering 2023 with a more focused strategy to simplify Vimeo, and ultimately, our team size and composition needs to reflect that focus. Creators Vimeo is becoming a standalone company after booming during the pandemic / IAC will spin off Vimeo in 2021 By Jacob Kastrenakes, a deputy editor who oversees tech and news coverage.
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